Dear Fans and Supporters,
Having a fully functional laundry folder this past year was no longer purely a dream. The prototype exceeded our original expectations in both performance and early field test results.
That’s why we have decided that instead of attending CES 2020, as we normally do, we will focus our efforts on further field tests (to validate the newly upgraded robotic algorithms). The results of these tests, together with the potential partnerships we’ve been working on lately (stay tuned 😉), should lead to more favorable terms as we approach potential investors to fund the costly manufacturing stage.
Like any startup, funding is a crucial resource needed for the survival and progress of the business. A few months ago, we were fortunate enough to successfully close a $638K bridge round, thanks to fans and supporters who believed in our vision and mission.
(Thanks again to you all 🙏, it means a lot and we don’t take it for granted!)
Despite best efforts and hard work, things don’t always go according to plan, especially when it comes to startups and new technology. The robotic folding solution we’ve developed shows great promise and positive market feedback, but the fundraising process and business development require a lot more time than planned.
This Christmas, FoldiMate will not be joining you (yet), but with a little more patience and a lot of conviction and persistence, FoldiMate will soon become an integral part of our daily life (at home and in businesses). We’ll keep you posted as we make progress.
Have a Merry Christmas,
P.S. Some of our update emails seem to be getting lost in the spam box; please make sure to add email@example.com and firstname.lastname@example.org to your address list. Or subscribe to our Blog.
We’re happy to announce that we successfully reached our minimum funding target of $600,000 in our recent equity crowdfunding campaign, which was run on the SeedInvest platform.
We’d like to thank you for your support, and a special thanks to those of you who participated in this round.
These funds will be used primarily to run pilots with our existing prototype in multi-family shared laundry rooms in the US.
(If you are a laundry equipment supplier or route operator and would like to participate in this pilot by placing the FoldiMate prototype in a shared laundry room please complete this short form).
One of the purposes of this crowdfunding round was to give our deposit holders and fans the opportunity to invest in FoldiMate in order to own securities in the company.
We are aware that some fans attempted to invest after the round was closed, and that many of you did not receive our emails inviting you to invest. Unfortunately, it seems that some of our emails have been entering your spam folders and therefore we recommend that you add gal[dot]rozov[at]foldimate.com and info[at]foldimate.com as contacts to avoid this occurring in the future.
If you could be interested in investing in future funding rounds please let us know by completing our Contact Us form.
For updates don’t forget to follow us on our social channels:
Updated 12 January, 2019
Unfortunately we have seen additional websites imitating FoldiMate over the last few days. We are also receiving a number of reports about Facebook and Instagram posts and ads.
These sites are fraudulent and are attempting to collect payments from customers wishing to buy FoldiMate. FoldiMate cannot be held liable for payments to these unauthorized websites. The only authorized website is www.foldimate.com.
Continue reading “IMPORTANT NOTICE – Fraudulent Copycat Websites”